SXI — what changed in the latest 10-K
A section-by-section comparison of SXI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-K · 2026-08-14 vs the prior 10-K · 2025-08-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| Business | Text added/removed | +7 | −27 | ~18 | 39 |
| Risk factors | Text added/removed | +2 | 0 | ~6 | 82 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| MD&A | Text added/removed | +46 | −45 | ~30 | 42 |
| Market risk (Item 7A) | Text added/removed | 0 | 0 | ~5 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
Business
Text added vs the prior filing · source: 10-K · 2026-08-14
Aviation: Nacelle inlet lipskins & ducts, engine components and fuel tank elements
Our Engraving & Hydraulics group is a global provider of custom textures and surface finishes on tooling that enhance the appearance, performance, and function of a wide range of consumer goods and automotive products, and a supplier of engineered hydraulic cylinders and systems for demanding applic…
Our products and services are sold under various brands including Mold Tech, Piazza Rosa, World Client Services (WCS), Tenibac-Graphion, GS Engineering, Innovent and Custom Hoists.
Our Engraving business designs and implements texture solutions using chemical, laser and soft trim production processes, and our Hydraulics business designs and manufactures single and double acting telescopic and piston rod hydraulic cylinders for original and aftermarket use in construction equip…
The Engraving & Hydraulics business provides products and services to automotive OEMs, product designers, Tier 1 suppliers, toolmakers, OEMs, distributors, service organizations, aftermarket repair outlets, end-users, dealers, buying groups, government agencies and manufacturers all around the world…
Text removed vs the prior filing · source: 10-K · 2025-08-04
Aviation: Nacelle inlet lipskins & ducts, engine components and fuel tank elements
Our Engraving group is a global creator and provider of custom textures and surface finishes on tooling that enhance the beauty and function of a wide range of consumer good and automotive products as well as production of specialized, differentiated parts requiring our unique capabilities. We focus…
In addition to the Mold Tech brand, Engraving companies and brands also include:
Piazza Rosa and World Client Services (WCS), which both offer laser engraving and tool finishing in Europe and Mexico.
● Tenibac-Graphion, which provides additional texturizing and prototyping capabilities in North America and China.
Risk factors
Text added vs the prior filing · source: 10-K · 2026-08-14
Ongoing hostilities in the Middle East could disrupt international shipping and adversely affect global energy prices, which could harm our business.
Continued or escalating military conflict in the Middle East could disrupt shipping lanes and chokepoints critical to global trade, including the Strait of Hormuz and Suez Canal, resulting in vessel rerouting, longer transit times, port congestion, and higher freight and insurance costs for the raw …
MD&A
Text added vs the prior filing · source: 10-K · 2026-08-14
o On July 2, 2026, we acquired the remaining 9.9% interest in India-based Narayan Powertech (Narayan), a leading manufacturer of low voltage and medium voltage instrument transformers.
o On March 9, 2026, we completed the divestiture of Federal Industries to a third party for cash proceeds of $68.3 million. The divestiture supports continued portfolio simplification and enables us to focus on larger businesses and fast growth end market opportunities. Post the divestiture, the Hyd…
On February 4, 2025, we acquired McStarlite Co. ("McStarlite"), a leading provider of complex sheet metal aerospace components, financed from our existing Credit Facility. Its results are reported in the A&D segment beginning in the third quarter of fiscal year 2025.
Net sales increased for fiscal year 2026 by $101.5 million, or 12.8% when compared to the prior year period. Acquisitions accounted for increased sales of $66.4 million, or 8.4%. Divestitures reduced sales by $12.8 million, or 1.6%. Organic sales increased by $43.6 million, or 5.5%, primarily due to…
Net sales increased for fiscal year 2025 by $69.5 million, or 9.6% when compared to the prior year period. Acquisitions accounted for increased sales of $123.6 million, or 17.2%. Organic sales decreased by $53.8 million, or 7.5%, due to general economic softness in Europe and North America in the El…
Text removed vs the prior filing · source: 10-K · 2025-08-04
o On February 4, 2025, we acquired McStarlite Co. ("McStarlite"), a leading provider of complex sheet metal aerospace components, financed from our existing Credit Facility. Its results are reported in the Engineering Technologies segment beginning in the third quarter of fiscal year 2025.
Net sales increased for fiscal year 2025 by $69.5 million, or 9.6% when compared to the prior year period. Acquisitions accounted for increased sales of $123.6 million, or 17.2%. Organic sales decreased by $53.8 million, or 7.5%, due to general economic softness in Europe and North America in the El…
Net sales decreased for fiscal year 2024 by $20.4 million, or 2.8%, when compared to the prior year period. Organic sales decreased by $37.7 million, or 5.1%, due to transitory headwinds in several of our end markets, primarily due to lower demand in our Electronics, Scientific and Specialty segment…
Gross profit in fiscal year 2025 increased to $315.2 million, or a gross margin of 39.9%, as compared to $282.0 million, or a gross margin of 39.1%, for the prior year period. This increase was a result of higher volume, productivity initiatives and impact of acquisitions partially offset by materia…
Gross profit in fiscal year 2024 decreased to $282.0 million, or a gross margin of 39.1%, as compared to $285.1 million, or a gross margin of 38.5%, for the prior year period. This decrease was a result of organic sales decreases of $37.6 million, approximately $2.8 million of net inflationary impac…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice